We are updating the live updates from the parliament on the budget session. Keep following us for more information.
- Big update on school education upgrade: Broadband will be provided to all schools
- IIT student count has increased in the past 5 years.
- Centre of Excellence for AI for Education will be setup with 500 crores
- Gig workers for online providers will be arranged for online registration and ID cards will be provided. More over, insurance will be arranged under PM scheme
- Nuclear Energy to be increased by 100 mega-watt by 2047
Deep tech fund
- 10,000 fellowships will be provided in IIT and IISc
- National geo spatial mission will be started to create data
Taxpayer convenience
- New income tax bill to be introduced next week
Consumer Convenience
- CKYC to be introduced by 2025 and made more prevalent
Ease of doing business
- People friendly, trust based ease of doing business regulatory reforms will be performed:
- A committee will be created to suggest changes
- States will be encouraged to participate in reforms
- More than 100 activities will be de-criminalized
Customs and BCDs
- A time limit of 2 years for custom related enquiries to ease compliance
Income Tax Changes
- New income tax bill will be half of the current law in size and rules
- No income tax till 12 lakhs as a rebate
